Didn't they use that cash to pay off the .62 c a share losses $12 mill. for first 9 months,last quarter losses will also be substainal. 1998 losses 2x 97.
STATEMENT OF EARNINGS
Three months ended Sept. 30
1998 1997
Revenue $ 6,290,003 $ 666,387
Cost of goods
sold 6,086,959 924,010
----------- -----------
203,044 (257,623)
----------- -----------
Expenses
Advertising &
promotion 3,333,907 972,677
Other 1,659,003 1,015,751
----------- -----------
4,992,910 1,988,428
----------- -----------
Net (loss) ($ 4,789,866) ($ 2,246,051)
=========== ===========
(Loss) per
share (cents) (23) (19)
STATEMENT OF EARNINGS
Nine months ended Sept. 30
1998 1997
Revenue $13,712,527 $ 1,175,817
Cost of goods
sold 13,422,462 1,455,038
----------- -----------
290,065 (279,221)
----------- -----------
Expenses
Advertising &
promotion 8,901,837 1,233,856
Other 4,263,936 2,159,885
----------- -----------
13,165,773 3,393,741
----------- -----------
Net (loss) ($12,875,708) ($ 3,672,962)
=========== ===========
(Loss) per
share (cents) (62) (31)
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